Each business has its own set of regulatory challenges — whether it’s putting proper labels on imported cosmetics or seeking informal clearance before acquiring a competitor. LegalVision’s Regulatory and Compliance lawyers can help you identify the regulations that apply to your transaction or business activity, so that you can understand the risks involved and the options for moving forward.
Our Regulatory and Compliance team offers clients three main types of services:
- regulatory and compliance advice;
- compliance systems and training; and
- regulator engagement.
Regulatory and Compliance Advice
Before you pursue a new commercial opportunity, LegalVision can provide advice that will strengthen the regulatory and compliance elements of your business strategy. Our team knows that useful legal advice should go beyond just summarising the rules and telling a business what it can’t do. We understand that our clients want us to explain the actual risks involved and suggest implementable measures to reduce risk.
LegalVision’s team provides practical and commercial advice across a range of regulatory fields, including:
- Competition and Trade Practices;
- Australian Consumer Law;
- Product Safety;
- Trade Promotions;
- Liquor Licensing;
- Food Standards and Food Labelling;
- Cosmetics and Chemicals;
- Import and Export; and
- Education and Care Services.
Ongoing Compliance Systems and Training
As well as providing advisory services, our Regulatory and Compliance team can work with you to develop best practice compliance measures for your organisation and to deliver compliance training for your team. By establishing a structured compliance framework, you can keep your risk profile low and your team focused on commercial priorities.
It is always best to be proactive with compliance systems and training. If you find yourself under the scrutiny of a regulatory body, you may be expected to show what steps you will take to improve compliance outcomes in your business. The regulatory body will often ask a business to put in place stronger processes and an ongoing training program. LegalVision can help you design and implement a compliance framework that meets the regulator’s requirements, as well as your business objectives.
Engaging with a Regulator
At some point, your business may need to engage with a State, Territory or Federal regulator — such as the Australian Competition and Consumer Commission or the Queensland Office of Liquor and Gaming.
You may have received a letter from a regulator identifying concerns with your business activities, or notifying you of a regulatory investigation. Alternatively, you may want to proactively engage with a regulatory body to flag a novel business plan, so that you can work with the regulator to ensure compliance before you go to market. Whatever the circumstances, your dealings with the regulator could greatly impact your plans and your business more generally. The LegalVision team can work with you to strengthen your position and reach a pragmatic outcome through your interactions with the regulator.